✨ Financial Performance Ratios




Ratios:*

Accounting return on total assets:

(Earnings before interest, depreciation and tax divided by average total funds employed)

Accounting return on equity:

(Net profit after tax plus after tax effect of depreciation divided by average total shareholders' funds)

Accounting rate of profit:

(Earnings before interest, depreciation, and tax less cash tax less interest tax shield plus revaluation divided by average total funds employed minus half revaluation)

These financial performance ratios are set out in the First Schedule, Part II.

(DEFICIT) / SURPLUS BEFORE TAXATION

1998 1997
Line Activities Electricity Retailing Activities Generation Activities
$000 $000 $000

After charging: | | |
|------------------------|----------------------------------------|------------------------|----------------------------------------|
| Change in provision for doubtful debts | - | 312 | - | - | 312 | - | 270 | - | (110) | 160 |
| Depreciation | 18,132 | 3 | 11,167 | 9,069 | 38,371 | 16,507 | 31 | 2,679 | 10,676 | 29,893 |
| Bad debts written off | 878 | 60 | - | 2,931 | 3,870 | 221 | 2,218 | - | - | 2,439 |
| Interest | - | - | 11,963 | 13,453 | 25,416 | - | - | 1,720 | 20,408 | 22,128 |
| Interest - interdivisional | 35,546 | - | 670 | 6,072 | - | 35,074 | - | 454 | 2,845 | - |
| Loss on sale of fixed assets | - | - | 313 | 1,058 | 1,371 | - | - | - | 260 | 260 |
| Rental and operating lease costs | 45 | 46 | 81 | 1,023 | 1,195 | - | - | - | 1,068 | 1,068 |



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